personal finance

BIG HATS, NO CATTLE

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Greetings fellow bloggers and readers! I was looking over my blog for some insight to share with you and found this post dated July. Here’s to another thoughtful day (back in the day I wrote this post and didn’t publish it). Enjoy!

Today’s blog is about leveraging your knowledge to increase income/wealth.

Ah, the good life- starting a beautiful day on the beach! Yeah that’s me but not really, just my imagination, one day in the near future. Proper planning, scheduling time off from work…etcetera.

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Photo by Riccardo Bresciani on Pexels.com

Then BOOM, an unexpected financial event hits you and you have to use up your emergency fund! ¬†Things happen and it can throw us off balance. A setback. Life gets in the way. Plan “A” failed, so now on to plan “B” and the rest of the alphabet.

I never understood the phrase “big hats, no cattle” until I moved to Texas and read ‘The Millionaire Mind’. Or terms like U.A.W. (Under-achievers of Wealth). So much for my attention to popular statements and my perception of the wealthy. I used to believe that one had to look like money in order to make money. Had to look successful in order to BE successful. Ha! Not!

Most consumers, you know the people like you and me, are poor at defense. Mostly due to our perception of what wealth is or how the successful look. Toss those thoughts out the window, take a look at the video below:

Oh, now I remember what happened that caused me to forget to post this article, I had to take an emergency trip to New Orleans to pick up a family member in distress. By the way, I used money from my Acorns account to fund my five day stay in a 5 star hotel and travel to and from. Not bad.

So, here’s to more of my favorite things- “places to live on the cheap”…like, share and support. Thanks for reading…

Until next time,

Peace, love and prosperity,

ET

Your financial literacy advocate

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Quick Banking Tips!

Posted on Updated on

credit-vs-debit-2While shopping this holiday season, remember that the Federal Reserve is closed on the holidays. Why does this matter, you may ask yourself. Well, here is why it matters:

  1. Signing for your purchases (choosing credit): When the Federal Reserve is closed, your transactions are not posted to your bank account or credit card in real-time. Basically it’s delayed until the next business day. So the money in your account from Friday isn’t the money you will have after Monday. You must deduct all of your receipts from your shopping adventure BEFORE you spend another penny to be sure that there is enough money to cover those gifts. If you have already done this- great, you should be set.
  2. When using debit (entering your PIN), the money is deducted immediately (real-time) and shows as pending on your account activity. This is the best option in my opinion; however, that choice is yours’ to make. So, if you choose to use method number (1), just follow the instructions provided.
  3. Balance your register (checkbook)- this will determine if you’re on point with your spending from the start and after the bank has updated their systems with all your holiday shopping. In this instance, on Tuesday night.

The most important thing about this post is to prevent insufficient fund fees from hitting your account. Being mindful of your spending habits/triggers will help to relieve anxiety before, during and after the holidays. Trust me, your friendly customer service representatives at the bank will thank you. winkingsmiley

My years of customer service training is definitely serving its purpose and I appreciate the opportunity to share with you some of my experiences in finance. Thanks for reading, remember to like, share, and/or comment!

Happy Holidays! See you next year. Until then..

Wishing you and yours peace, love, and prosperity

ET

*featured image credit to rightful owner

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